The Bank of England has today opted to hold interest rates at 0.75 percent, as uncertainty continues to plague the UK economy.

Ben Kumar, investment strategist at Seven Investment Management, hailed the decision as unsurprising and said central bankers on both sides of the Atlantic were facing similar problems.

While BoE’s quarterly report picked up on a number of data points including a predicted short-term fall in inflation and slowing growth, Mr Kumar said the big issue “is nothing today with economics”.